Dassault Systemes (DASTY) to Release Quarterly Earnings on Thursday

Dassault Systemes (OTCMKTS:DASTY) is expected to be posting its results before the market opens on Thursday, July 23rd. Analysts expect the company to announce earnings of $0.34 per share and revenue of $1.7755 billion for the quarter.

Dassault Systemes Stock Up 0.6%

DASTY opened at $21.09 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.70 and a current ratio of 1.70. The company has a market cap of $28.30 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 6.14 and a beta of 1.00. Dassault Systemes has a one year low of $18.99 and a one year high of $38.15. The business’s fifty day moving average is $21.70 and its two-hundred day moving average is $22.85.

Hedge Funds Weigh In On Dassault Systemes

An institutional investor recently bought a new position in Dassault Systemes stock. Douglass Winthrop Advisors LLC acquired a new stake in shares of Dassault Systemes SA (OTCMKTS:DASTY) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 87,451 shares of the technology company’s stock, valued at approximately $2,442,000. 0.03% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on DASTY. Zacks Research raised Dassault Systemes from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Jefferies Financial Group reissued a “buy” rating on shares of Dassault Systemes in a research note on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

About Dassault Systemes

Dassault Systèmes is a France-based software company that develops solutions for 3D design, digital mock-up and product lifecycle management (PLM). Founded as a technology spin-off from Dassault Aviation in 1981, the company is headquartered near Paris and has grown into a global provider of engineering and business software used to model, simulate and manage products and processes across their lifecycles. Its platforms and applications are aimed at enabling digital continuity from ideation and design through manufacturing, operation and service.

The company’s product portfolio centers on the 3DEXPERIENCE platform, which integrates applications for computer-aided design (CAD), simulation, data management and collaboration.